SMEs demand strategic help from accountants

A survey of 500 small business owners by business software group MYOB has
revealed that more than half (57%) of SMEs are demanding more strategic advice
from their accountants.

The findings show that SMEs need more from their accountants than
traditional tax and VAT support in order to overcome increasing financial
management complexities.

The survey revealed that with almost half of respondents (43%) citing
legislative compliance as a top concern, 57% want more compliance and legal
advice from their accountant. A high demand for operational management
assistance was also top of the small business agenda, with almost half (48%)
requesting payroll services.

‘The statistics show that it is more important now than ever to seek ways to
diversify your practice to offer a greater level of strategic and business
advice to support smaller clients,’ said Simon Crompton, general manager of
MYOB.